Ollie’s Bargain Outlet Holdings, Inc. Rings NASDAQ Opening Bell

Rhea-AI Summary

Ollie's Bargain Outlet (NASDAQ: OLLI) celebrated multiple milestones by ringing the Nasdaq opening bell on July 15, 2025. The company marked its 10th anniversary as a public company, while simultaneously announcing the upcoming opening of its 600th store in Belmont, NH, which represents expansion into its 34th state.

President and CEO Eric van der Valk, along with the Executive Leadership Team, led the ceremony at Nasdaq MarketSite in Times Square. Van der Valk emphasized the company's significant growth opportunities, particularly noting the presence of abandoned customers, product, and real estate in the marketplace. He also highlighted the benefits of being publicly traded, including maintaining high standards, financial transparency, and enhanced visibility with business partners.

Positive

• Expansion milestone with 600th store opening
• Geographic growth reaching 34th state
• Strong market presence after 10 years as public company
• Identified growth opportunities in underserved markets

Negative

• None.

News Market Reaction

-3.98%

1 alert

-3.98% News Effect

On the day this news was published, OLLI declined 3.98%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Celebrating its 10th Anniversary on the Exchange, Opening of its 600th Store and Expansion into its 34th State

HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today rang the Nasdaq Stock Market opening bell to celebrate the 10^th anniversary of the Company’s listing on the exchange, the planned Grand Opening of its 600^th store, and expansion into its 34^th state. President and Chief Executive Officer, Eric van der Valk, and other members of the Executive Leadership Team were joined on the podium to commemorate the occasion at the Nasdaq MarketSite in New York City’s Times Square.

Source: Nasdaq, Vanja Savic

“This is a very exciting moment for Ollie’s. Today marks the 10^th anniversary of our Company’s initial public offering on the Nasdaq Stock Exchange and, later this week, we will Grand Open our 600^th store in Belmont, NH, expanding into our 34^th state,” said Eric van der Valk. “Ollie’s is a special company, that was founded, built, and is operated by bargainauts, who are passionate about finding amazing deals and selling Good Stuff Cheap. I would like to thank all our team members, past and present, who have contributed to our growth and success. While we celebrate our 600^th store milestone, we are focused on the tremendous white space opportunity ahead as we accelerate growth at a time when there are so many abandoned customers, product, and real estate in the marketplace.”

Mr. van der Valk continued, “It was an honor to represent the Ollie’s team and ring the Nasdaq opening bell earlier today in celebration of our 10^th anniversary as a public company and the opening of our 600^th store. We take a lot of pride in the way we operate our business. We value being a publicly traded company as it holds us to a high standard, provides financial transparency, and increases our visibility with valued business and merchandise partners.”      

The Nasdaq Opening Bell ringing ceremony took place today at 9:30 a.m. Eastern Time at the Nasdaq MarketSite. A video of the ceremony can be viewed at https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

About Ollie’s
Ollie’s is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit www.ollies.com.

Investor Contact

John Rouleau
Managing Director of Corporate Communication & Business Development
JRouleau@ollies.us

Media Contact

Tom Kuypers
Senior Vice President – Marketing & Advertising
717-657-2300
tkuypers@ollies.us

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76ee2a8d-0ad5-4d8d-afdd-7f2081d1ac59

FAQ

When did Ollie's Bargain Outlet (NASDAQ: OLLI) celebrate its 10th anniversary on Nasdaq?

Ollie's celebrated its 10th anniversary as a public company by ringing the Nasdaq opening bell on July 15, 2025.

Where is Ollie's Bargain Outlet opening its 600th store?

Ollie's is opening its 600th store in Belmont, New Hampshire, marking its expansion into its 34th state.

How many states does Ollie's Bargain Outlet operate in as of July 2025?

With the opening of its new store in New Hampshire, Ollie's Bargain Outlet now operates in 34 states.

Who is the current CEO of Ollie's Bargain Outlet?

Eric van der Valk serves as the President and Chief Executive Officer of Ollie's Bargain Outlet.

What growth opportunities did Ollie's CEO highlight during the Nasdaq ceremony?

CEO Eric van der Valk highlighted opportunities from abandoned customers, product, and real estate in the marketplace as key areas for accelerated growth.